The Abu Dhabi Global Market’s Guidance clarifies and expands FSRA expectations for OCAB Framework license holders.
In June 2018, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) unveiled a dedicated cryptoasset regulatory framework by way of various amendments to the FSRA’s core regulations — the Financial Services and Markets Regulation (FSMR), as well as supplementary guidance thereto.
In May 2019, the FSRA issued updated and greatly expanded guidance (FSRA Guidance) that includes a more granular level of detail and addresses a range of topics not covered in the initial guidance. This blog will consider some of these topics in more detail.